Spotify says Premium subscribers have reached 300 million
The audio streaming company reported 300 million Premium subscribers, a roughly 9% increase versus the same period last year, underscoring the continuing shift toward paid listening.
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The audio streaming company reported 300 million Premium subscribers, a roughly 9% increase versus the same period last year, underscoring the continuing shift toward paid listening.
THE APEX TIMES
Spotify reported a sharp profit turnaround in its second quarter of 2026 and highlighted progress toward a 300 million-subscriber milestone, offering a clearer view of how the music and podcast platform is scaling profitability alongside growth.
In remarks tied to its Q2 2026 results, Spotify Technology SA said it delivered record profitability, beat subscriber guidance, and emphasized managing monthly active user (MAU) growth in emerging markets to support long-term value.
The music and podcast streamer reported 777 million monthly active users and guided to 788 million for the third quarter, while its stock fell about 6% in early trading following the news.
The music and podcast platform told investors it now has 300 million paying subscribers, calling the level a first for audio streaming.
Spotify said Merlin, a rights organization representing more than 30,000 independent music labels and distributors, is joining Universal Music Group in supporting its upcoming AI remix and covers product.
The music and podcast streamer lifted its revenue outlook for the current quarter, but said performance indicators tied to its active user base took a hit, underscoring the tension between growth and engagement.
A market recap of Spotify Technology’s latest quarter points readers to how revenue, earnings and several operating metrics lined up against expectations for the three months ended June 2026.
The music streaming company reported stronger profitability year over year in its latest results, alongside a milestone in its paid subscriber base.